Kashmir
Jammu and Kashmir: Woolen sector to get major boost under World Bank funded project
Srinagar: The wool industry of Jammu and Kashmir is receiving a major boost under the ongoing World Bank funded Jhelum Tawi Flood Recovery Project (JTFRP), media reports said.
Dr Syed Abid Rasheed Shah, Chief Executive Officer of the project, told Financial Post that the J&K Economic Reconstruction Agency (JKERA), under the component of restoration and strengthening of livelihoods of the World Bank funded JTFRP, is taking concrete steps for the restoration/strengthening of livelihoods under the traditional cottage-based industry.
“This step a major revamp underway for the restoration of government Woollen Mills at Bemina,” he told the news portal.
He further explained that the objective of the sub-project JKERA is to strengthen the infrastructure of the heritage mill and provide the machinery with latest equipment so that the production of wool products is maximised to full potential.
Besides, the local wool producers also get a good demand for their produce locally, Shah said.
Shah said that the work under the component of strengthening and restoration of livelihood as well as other components of JTFRP are going on smoothly, adding that with the completion of such projects, the concerned sectors would get hugely benefited.
“We are trying to work on the various components across Jammu and Kashmir at the same time. We hope our interventions bring about a positive impact in the lives of beneficiaries,” he told the news portal.
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